When compared to a perfect competition, a monopolistic competitor decides to have .

lower price

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higher quantity

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same price

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lower quantity

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Solution

The correct option is D lower quantity
When compared to a perfect competititor, a monopolistic firm faces a downward sloping-demand curve. The output sold is lower and the price charged is higher.

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When compared to a perfect competition, a monopolistic competitor decides to have .

The correct option is D lower quantityWhen compared to a perfect competititor, a monopolistic firm faces a downward sloping-demand curve. The output sold is lower and the price charged is higher.

The correct option is D lower quantity
When compared to a perfect competititor, a monopolistic firm faces a downward sloping-demand curve. The output sold is lower and the price charged is higher.